The pandemic has taken its toll among many industries. It is good to see that more and more people are returning to normal again. The residential market is slowly getting up on its feet.
Canary Wharf and the surrounding Docklands is still the hottest address. Many people find the area a little soulless because of the employment district and its flats. Developers create spaces that reflect a sense of history, and according to estate agents, the rental is increasing, an indication that the city is recovering.
What makes this place special, we are about to find out in this article.
The Rise of Canary Wharf
Canary Wharf is not new in emerging from the ashes. It had a near-death experience during the 2008 financial crisis. But thanks to the brave developers and estate agents Canary Wharf, it was on its way to its reinvention, until the pandemic upended the world.
The people behind Canary Wharf development believe that the place has its own edge. Creating a mini-community near the financial firms is a great platform for the next generation. The apartments around where they work, eliminate commuting. Without the chore of the daily commute, they can have more quality time with their friends and family.
Aside from flats and residential buildings, Canary Wharf is known for its business offices. As the leading financial district in London, the banks account for less than half of the rentals in the area. The rest are for law firms, consultants, government offices, and energy companies, according to estate agents Canary Wharf.
The place is diversifying. It stands to benefit from the residential developments booming in the area that surrounds Canary Wharf. Over the last decade, the old buildings are being replaced by apartment towers.
Estate agents Canary Wharf are busy as the zip code where the place sits accounts for one in eight of all the homes being built in London. This current data shows that the place has more than any other borough.
The Future of Canary Wharf
Canary Wharf is the heart of the whole place. Everybody has to come to the place if they want to take a tube, sit in the park, or shop. The district needs to fill its apartments and estate agents Canary Wharf are busy.
The return to work mandate after the aggressive vaccination drive of the government helps bring back the interest in moving near their workplace. The Canary Wharf rental market demonstrates a movement in the opposite direction. Today, the falling rents and the desire to be within walking distance to the workplace seem to be the catalyst behind this upswing in the demand.
Got a property for rent in Canary Wharf?
Choose Fisk London. Their estate agents know the local market within the area with over 15 years of experience in the London property market. With the expertise to help landlords achieve the maximum rental value, you are in good hands when you leave your rental property to us.